Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 12-Month Low – What’s Next?

Sturm, Ruger & Company, Inc. (NYSE:RGR) reached a new 52-week low on Thursday . The stock traded as low as $37.22 and last traded at $37.22, with a volume of 73188 shares trading hands. The stock had previously closed at $37.37.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

The company has a market cap of $628.30 million, a price-to-earnings ratio of 21.60 and a beta of 0.17. The business has a 50-day simple moving average of $40.91 and a two-hundred day simple moving average of $42.00.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.18%. Sturm, Ruger & Company, Inc.’s payout ratio is currently 25.43%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

A number of institutional investors have recently modified their holdings of RGR. Vanguard Group Inc. boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock worth $97,815,000 after buying an additional 86,532 shares during the period. Bank of New York Mellon Corp boosted its holdings in Sturm, Ruger & Company, Inc. by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after acquiring an additional 13,460 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Sturm, Ruger & Company, Inc. by 112.7% in the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after purchasing an additional 75,625 shares during the last quarter. Impala Asset Management LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter worth about $2,228,000. Finally, Weiss Asset Management LP acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth about $2,065,000. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.